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r <br />■, <br />L <br />1 <br />49-101776 <br />WHEREAS,'PRE has entered into a Purchase Agreement dated <br />August 29, 1980 with Harter and Antle, which Purchase Agreement was filed <br />June 8, 1983, in the Register of Deeds Office of HaU_ County, Nebraska, as <br />Document No. 83-002842, pursuant to which PRE boxagreed to convey the <br />said Front Pame^l. to. Harter and Antle, upon conveYW. e,- of :the Front Parcel <br />from BAIC to PRE and payment by Harter and Antla of the purchase price <br />provided in said purchase agreement; <br />: TWHEREAS, BAIL aiid' �stclsi PP have simuL� sly <br />with: eii`�e :3 :o an Asset Purchase A$ t i"APA "; gu s t to . <br />BAIC has' �t1 to convey the remaindero €' Lot .fi:.(,i1�rt' � iess r�1*,' " <br />Parcel) cogaf; g of approximately 17 acres '(thee :1'Bae_k . Parcel "a to <br />Hutchinson;: ` <br />'.'WHEREAS, BAIC' IT: i�, exercised its.dl# nder the county <br />Lease to purchase the Property ii Kd now de�iires to coievey this. Front Parcel <br />to , PRE pursuant to the Assignment and: ' ite. Back' 1?arcel 'tai Hutchinson <br />pursuant to the APA; <br />WI:TEREAS, in order to effect the transfer of tbe Property to <br />Hutchinson &m.*'PRE, the Property must be subdivided according to the laws <br />of Nebraska;' :mod <br />"WHEREAS, the parties desire , that the cyperty be transferred <br />to Hutchinson and PRE prior to the completion of the s%i1,Alpision process; <br />NOW, THEREFORE.o In consideration at ahe foregoing{ prem- <br />ises and the covenants hereinafter* set forth, BAIC, P92, Hutchina(M. -: 1arter <br />and Antle agree as folleva.- <br />2. The parties seirerally agree to cooperate and use their <br />respective best efforts to cause Lot 4 to be re- subdivided as contemplated <br />and required pursuant to the Assignment, consistent with the subdivision and <br />platting laws of the State of Nebraska and with the ordinance:,. 'iregulations <br />and policies of the City cf Grand Island and County of Ball. <br />2. The parties ac,;. owledge that MY have been informed <br />that said laws, regulations and order -ces require that each resulting platted <br />lot in the re- subdivision must have a minimum of 30 feet of frontage onto <br />Highway 30. In order to satisfy said minimum frontage requirements, <br />Harter, Antle and PRE speeificany agree that the Access Strip shall be <br />conveyed in fee to Hutchinson, subject to a non - exclusive easement in favor <br />-2- <br />r <br />.. <br />-i . - <br />